Bookkeeping Tips for Small Business Owners
You don’t have to believe me– here’s well-known buisness coach Joan Nowak of Hybrid Busness Advisors: https://www.hybridbizadvisors.com/blog/bookkeeping-tips-small-business-owners/
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Do I Really Need to Save all My Paper Receipts?
The electronic era we live in has it’s good sides and it’s bad–but this time, I can report happily, that you can put 3/4 of your filing cabinets on Craig’s List and use the proceeds to invest in a good-quality scanner (like this one that I use) and be done with all that paper clutter. What about the IRS?? Read this excerpt from Tom Copeland’s article below for some great info: Tom Copeland’s Taking Care of Business Are Receipts Obsolete if You Use a Scanner? It’s a family … Continue reading →
Your Extension is Almost Over–What Now???
Bet you thought you’d have those books caught up by now, didn’t you? Bet you thought you’d have time over the summer. Bet you thought something would have changed. But here you are, two weeks from filing time again, and no better off. What now? Well, first off, say UNCLE. You’re never going to have time. You Don’t. Have. Time. Call for help. Get the ball rolling, get a qualified bookkeeper (or a whole team of them–we have been known to put several people on a rush … Continue reading →
When to Hire a Bookkeeper or Accountant
When QuickBooks takes you only so far, it’s time to bring in a financial pro. Entrepreneurs thrive on a DIY mentality: Do everything you can yourself and don’t pay for anything until you absolutely have to. It’s especially difficult to justify hiring financial help like a bookkeeper. With user-friendly software such as QuickBooks available, many business owners feel they should be able to do keep their records on their own, even as they wrestle with finding the time and wonder if they’re doing things correctly. Deciding about “hiring … Continue reading →
Get Your Eggs Out of that Disaster Recovery Basket
You may have heard of Terry Childs (pictured). He was a system administrator for the city of San Francisco who, in 2008, was arrested for refusing to divulge passwords that only he had. A long series of legal maneuvering followed, leading to Childs’s imprisonment. When he hired an attorney after imprisonment he made sure his attorney was leveraging software for family law case management as this case was specific to family law. Whether you’ve heard of him or not, the Terry Childs case is an interesting and compelling argument for multiple levels of … Continue reading →
WHAT? The IRS wants to AUDIT???
Shoot me now. Isn’t that how you feel? Well, there is good news. If you use a GOOD bookkeeper (like us), and you use GOOD accounting software (like QuickBooks) and you used a GOOD accountant (like these) for your tax returns, you will sail right through! Here’s a recent article from Govwin.com: IRS Audits of Small Business Software Files The Internal Revenue Service has been ramping up enforcement of tax compliance and it’s a big concern for small businesses. IRS agents are starting to request client … Continue reading →
Bookkeeper Madness
Bookkeeper Madness Does Your Bookkeeper Really Know What They Are Doing? There’s no faster way to kill a business than to mishandle its finances. That’s why it’s surprising how often small business owners hand their books over to a bookkeeper and simply assume everything will be OK. There are ways this assumption can really hurt your business. Plus, there’s an easy remedy. Bookkeeper Madness Mistake #1 – Hiring a bookkeeper with less QuickBooks skills than advertised: Small businesses often look for bookkeepers with QuickBooks skills since QuickBooks is … Continue reading →
Should Your Bookkeeper be a Technophile?
For some, the task of finding good bookkeeper services to handle their daily business needs can be on a par with finding the holy grail. It’s a never-ending quest that rarely results in complete satisfaction. The big problem always seems to be finding a bookkeeper that’s got loads of skill and that’s adaptable to change, too. In particular, technological change. But do all bookkeepers for small businesses have to be technophiles? The answer is no, but it wouldn’t exactly hurt matters, either. These days, the business of bookkeeping has … Continue reading →
Checklist for Choosing a Bookkeeper
Thinking of hiring a bookkeeper? Great! Print out this checklist and use it as an interview tool! How to Choose a Bookkeeper for Your Business
Continue reading →6 Things You’ve Never Been Told by your Tax Pro
All most people know is that their accountant takes their information and turns it into a tax return. The process is somewhat of a mystery, and the do’s and don’ts aren’t very evident to most business owners. Read this article BEFORE you go to your accountant’s office! Click Below for downloadable PDF 6 Things You’ve Never Been Told by Your Tax Pro
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